Exploring SPS Calendar Views

So I was asked a rather simple question recently. Here at the office, we have a custom SPS list that has start date / end date columns. Naturally, we take advantage of the ability to create calendar views of the list specifying these columns as the interval for the item. As it turns out, we also have a column that specifies the status of the event (Pending, Confirmed, Aborted, etc). The simple question was: Could we have the value of the status field dictate the color of the box rendered in the calendar view? Sounds simple right? A day and a half later I now have an appreciation of how intricate the calendar interface is within SharePoint. Read my article detailing how deep I had to go to pull this off.